An asset owner coalition, representing cUSD$1.5 trillion (cGBP£1.2 trillion) of their members savings, have co-authored and endorsed the Asset Owner Statement on Climate Stewardship, a new resource for the sector. Responding to asset managers’ requests, the statement sets out clear and consistent expectations regarding climate stewardship for them. In the lead up to 20303, asset managers need to intensify their stewardship efforts to address the fiduciary risk that climate-related impacts present. The statement calls on asset managers to evolve and strengthen their climate stewardship strategies in light of the imperative…
Read MoreLeading asset owners collaborate to set climate stewardship expectations
